Can anyone help me understand why SAVE is trading under $25/share when there is a $2.50 payment once shareholder approval is obtained in the near future, a “ticking fee” of $10/share per month is going to be paid while antitrust approval is sought, and either antitrust approval is obtained (unlikely) and the deal closes at $33.50 /share, or antitrust approval is not obtained, and a $400M break-up fee is paid (approx. $4.00 a share).

What am I missing??? why is it trading so low, particularly after their recent positive earnings report?

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